This policy covers contents of business premises against the risk of loss or damage by burglary and house breaking. The property that can be covered are Stock - in - trade; Goods -in- trust or on commission for which the insured is responsible; Fixtures, fittings and utensils in trade; Cash and currency notes secured in locked safe.
Burglary or house breaking of property following upon felonious entry of the premises by violent means; Damage to the premises by the burglars.
Where any inmate or insured's family members or business staff is involved; by larceny, Consequent upon fire and explosion. Loss of cash following use of key Earthquake and natural perils, riot, strike and civil commotion and war and nuclear risks.
The Insurer under this Policies indemnify the Insured against loss of Cash, Currency Notes, Coins, Securities for Money, Postal Orders, Stamps and Cheques etc. whilst in transit en-route to final destination and/or in locked safe.
The Policy Covers the loss sustained in the following situations:
The Cover is available for the loss of Cash drawn for the payment of wages, salaries and other earnings or for petty Cash in direct transit from the Bank to the Insured’s premises.
Risk starts from the time the Cash is received at the Bank by the Insured or the authorized employee of the Insured as detailed in the Policy until delivered at the premises or other place of disbursement (declared with the Insurer) and until there paid out.
However, it may be noted that the loss due to theft of the cash is not covered.
The premium rate for this clause of insurance is assessed by the Insurer only after a careful study of all circumstances appertaining to the transit, in accordance with the details furnished in the proposal form by the Insured and the past experience. The following factors are ordinarily taken into consideration for underwriting money-in-transit insurance proposals:
The insurance can be extended to cover the following at an additional rate:
Boilers, steam apparatus and other pressure vessels may be insured on its own through the Boiler Explosion policy. A boiler stores up substantial energy, which on being released by explosion, can cause extensive damage and sometimes bodily injury.
The policy is designed to cover explosion (the sudden and violent rending or tearing apart of the permanent structure of a boiler or other apparatus by force of internal steam or fluid pressure) and collapse (the sudden and dangerous distortion of any part of a boiler or other apparatus by bending or crushing caused by steam or fluid pressure).
Among covers provided by the policy are damage to the boiler or other apparatus described in the schedule, damage to auxiliaries and surrounding property e.g. buildings and machinery, liability of the Insured at law for fatal or non-fatal injuries sustained by any non-employee, liability of the Insured at law for damage to property belonging to third parties
General policy exclusions include defects due to wearing away or wasting of materials, grooving or fracturing whether by leakage corrosion or by fuel action, failure of individual tubes in boilers of water tube, damage to Insured’s property caused by fire whether resulting from explosion or any other cause whatsoever, loss sustained by stoppage of work, loss or damage arising out of hurricane, cyclone or other convulsion of nature, any kind of consequential losses.
The policy provide that if any time any period of insurance any of the insured person named in the schedule sustain any bodily injury cause by accidental violent external & visible means which injury shall solely and independently of any other cause results in death or disablement subject to terms, provisions and exceptions and conditions contained in the policy or endorsed therein in the insurer shall pay to the insured or in the event of his death to his legal personal representatives compensation as provided in the schedule of benefits. Broadly speaking lump-sumps are payable in the event of death or permanent disablement & weekly benefit for temporary disablement provided always that:
Overseas Medi-claim Insurance for Business & Holiday and Employment & Studies are available for Bangladesh nationals visiting abroad for the purpose of business and holidays tour or temporarily staying outside Bangladesh for studies or employment under Bangladeshi employer.
Intended only for use of insured person in the event of a sudden & unexpected sickness or accident, arising when the insured is staying outside Bangladesh.
“Health Plan” is a policy which covers for “medical expenses” in the unfortunate event of hospitalization of the insured or policy holder due to sudden illness or accident. Prime health plan brings a radical change in our life by making this policy effective and advantageous. If any person takes this policy, he will get the monetary support as well as mental satisfaction through its offerings for the policyholders by bearing the cost of hospitalization up to striking sum insured.
The insurance provides comprehensive cover for all expenses (up to sum insured limit) related to coverage of group hospitalization which among other things includes room rent, treatment/surgery & other related expenses.
Our “Health Plan” provides health insurance for your employees and group of families with the following slabs:
|Health Plan||Benefit’s Slab|
The product has been designed for groups and can include families of the members who are in good health and between the ages of 3 months and 65 years.
We have designed our benefits in two categories:
Please note: Critical Illness will not be covered if it is discovered within 90 days after the issuance of insurance policy
Hajj and Umarh Insurance Policy is a unique product for the people of Bangladesh designed to cover the pilgrims performing Hajj. This policy provides monetary compensation to the pilgrims against in case of any unusual happening to the pilgrim due to any kind of accident and inconsequence of that accident if the person permanently disable. Again inconsequence of that incident/accident if any death occurred at the time of Hajj/Omrah or on the way to home then the deceased nominee will get the financial compensation. Compensation will also be covered for repatriation cost due to accident.
We have designed our products into two categories for the benefits of Pilgrims:
|Offer||Benefit||Limit of Indemnity||Premium (including VAT & Stamp Duty)|
|PLATINUM||Accidental Death and Permanent Total Disability||USD 13,500.00 or equivalent BDT||BDT. 628|
|Body Repatriation||USD 1,500.00 or equivalent BDT|
|Accident Medical in excess of USD 55 each and every loss||USD 800 or equivalent BD Taka|
|GOLD||Accidental Death and Permanent Total Disability||USD8,000.00 or equivalent BDT||BDT. 492|
|Body Repatriation||USD1,500.00 or equivalent BDT|
|Accident Medical in excess of USD 55 each and every loss||Accident Medical in excess of USD 55 each and every loss|
This product has been designed for pilgrims up to 65 years old for all benefits. However, with additional premium, the cover can be extended up to 80 years of age. The additional premiums are shown in below for the Pilgrims whose age between 66 and 80.
This insurance covers in respect of the following benefits (or a percentage of the Capital sum Insured) inserted against them
|A||Death||USD 13,500.00||USD 8,000.00|
|B||Total and irrecoverable loss of sight of both eyes||USD 13,500.00||USD 8,000.00|
|C||Total and irrecoverable loss of sight of one eye||USD 13,500.00||USD 8,000.00|
|D||Loss of two limbs||USD 13,500.00||USD 8,000.00|
|E||Loss of one limb||USD 13,500.00||USD 8,000.00|
Permanent Total Disablement (other than totalloss of sight of one or both eyes or loss of limb)
|USD 13,500.00||USD 8,000.00|
The insurance does not cover death or disablement directly or indirectly arising out of or consequent upon or contribution to by:
Directly or indirectly caused by or contributed to by or arising from
FICL is known for its innovation and services. Today´s competitive insurance market is driving the market to think and innovative products and services and FICL has been doing with its authentic. Beside the Traditional insurance portfolio FICL introduced following personal line of products some them are in pipeline:
It is matter of great pride that FICL has introduced an insurance product first time ever in Bangladesh which is designed only for the females named as Nibedita-Comprehensive Insurance Policy for Women. GDIC has also designed first ever Weather Index Based Insurance for the farmers of Bangladesh which will be launched shortly.